Base Ecosystem Fund, Hashed Emergent invest $1.9M in Nestcoin to scale its Onboard product
- Nestcoin secures $1.9 million in funding round led by Hashed Emergent
- FTX crash causes Nestcoin to lose millions in assets and slash headcount
- Nestcoin reevaluates objectives and focuses on developing Onboard
The funding secured by Nestcoin is a positive development for the company as it allows them to continue their mission of providing equitable access to economic possibilities through the development of Onboard. However, the financial difficulties faced by Nestcoin after the FTX crash highlight the challenges and volatility of the cryptocurrency market. It will be interesting to see how Nestcoin navigates these challenges and if Onboard can successfully compete with established global services.
